OXR - Oxiana Limited

[Bush Trader]

This may be of interest to you long punters, I however think that metals are going to come under more pressure from the hedge fund sell off.

The last time this softened I traded it from $2.65 - $3.50 on this blokes tip, have a read.

Wizard Charmed By Oxiana Resources

Source: FN Arena News - February 09 2007

The Tech Wizard has no problems in admitting he is an avid reader of FNArena's Australian Broker Call. While he was reading today's edition his interest was awoken by a recommendation upgrade for Oxiana Resources (OXR) by Macquarie.
The wizard says he has been keeping a tight watch on Oxiana for a while now, waiting for a good technical level to buy.
He now believes price action has found solid support at the bottom Bollinger band while long term support is at $2.50.]

The Tech Wizard suspect the Macquarie recommendation upgrade may be the right ingredient to attract fresh buying interest from the market and this should push the shares to the $3.10 level in the next few weeks.
Beyond that key resistance is at $3.55, says The Wizard.

 

[Ken]

very nice graph.

What are the factors that determine whether we are closer to resistance or support? copper prices?

barriers are meant to be broken at some point...

Would you saying buying around support levels could be dangerous, cause if support is broken, then drop is further and faster.

 

[legs]

Hang on tight here we go ^^^^^^^^^^^^^^^^^^^^^^^^^^^

 

[angela200172]

Hang on tight here we go ^^^^^^^^^^^^^^^^^^^^^^^^^^^

yes, hold tight OXR, I have top up 30000 more at $2.80, up up ...........thank you .

 

[Out Too Soon]

Gold, copper, even zinc, all back in the good books I agree Angela but have I the funds to put more into Oxiana? I'll have to scratch around.

 

[Kruegs]

What about some call options? A little while ago I bought the following :

- $2.75 call exp end of April
- $3.00 call exp end of June

I bought the $3.00 call a little early before OXR bottomed out, so it is trailing a bit at the moment, but I think it should do OK before expiry. The $2.75 call is already showing a 40%+ profit.

Cheers,
Mark Krueger

 

[angela200172]

OXR will have a report coming on next Monday 19/2/2007, I think that will be a good report as the sp today.

Angela

 

[Seneca60BC]

I think the report is next thursday.

 

[legs]

What about some call options? A little while ago I bought the following :

- $2.75 call exp end of April
- $3.00 call exp end of June

I bought the $3.00 call a little early before OXR bottomed out, so it is trailing a bit at the moment, but I think it should do OK before expiry. The $2.75 call is already showing a 40%+ profit.

Cheers,
Mark Krueger

How is the 2.75 showing a 40% profit while it is currentl 2.89 ???? you paid about $2.00????

 

[legs]

I think the report is next thursday.

22nd February 2007, Release of 2006 Full year financial results.
http://www.oxiana.com.au/UpcomingEvents.asp

 

[angela200172]

22nd February 2007, Release of 2006 Full year financial results.
http://www.oxiana.com.au/UpcomingEvents.asp

Maybe you are right, I have the inf on Yahoo Finance.

http://au.finance.yahoo.com/q/ce?s=OXR.AX

 

[Seneca60BC]

Hi Angela

Sorry - i'm wrong - your right - it is indeed monday.

Cheers
Shelton.

 

[Seneca60BC]

How is the 2.75 showing a 40% profit while it is currentl 2.89 ???? you paid about $2.00????

With Options trading, you only have to put out a fraction of the full price of the stock.

 

[legs]

With Options trading, you only have to put out a fraction of the full price of the stock.

Yes, but you only get the difference from the exercise price and the current price... so if its exercise at 2.75 and current price is 2.90 your profit is 0.15 per share... if you put out 0.15 per share to buy these, you dont make a cent.

 

[Kruegs]

Hi there,

In relation to the queries about Options-values, you need to factor in time-value as well as actual value.
Hence, if you buy a $2.75 option when the underlying share is $2.75, it is worth more than $0.00, depending on how much 'time value' is left until expiry and what the market thinks the price will do. Time value will obviously be nil when the option reaches its expiry.
Hence, say the share value was $2.75 and you bought the $2.75 options at 20c each, then you have paid 20c in time value, on the principle that you are buying the opportunity of the price appreciating further before expiry.
If the price quickly goes to $3.00, then your options may be valued at 25c real value, plus perhaps 18c of the remaining time value (assuming this has depreciated over time, which it usually does). End result would be the options are worth 43c each, a profit in this case of more than 100 percent.

In my case, I bought

Consolidated View: (by Security, Date and Price) | View Averaged Portfolio | View Detailed Portfolio



Option OXRSS (2.75 Option, expiring 30 Apr 07)
Paid : 0.195 on 5/2/07. Underlying share value on this day was $2.69 (close)

Current trading value is now 0.310 That's an increase of 58.97% on my investment thus far.

I am not all that experienced in options, so if anyone has a better way to explain this, please feel free to contribute.

Regards,
Mark Krueger

 

[Seneca60BC]

what happen to the annoucement ?

 

[legs]

what happen to the annoucement ?

Well if you had taken any notice of my post #610 i told you it was:

22nd February 2007, Release of 2006 Full year financial results.
http://www.oxiana.com.au/UpcomingEvents.asp

 

[Seneca60BC]

LOL - I did after I posted the question.

 

[legs]

AAA result hold on tight.. take off today i hope.

 

[Seneca60BC]

Thought it would go higher - not much today given the result